Axiom is a manufacturer of proprietary advanced composite materials and related products for customers in the aerospace & defense, industrial, automotive, medical device, and electronics industries.

Sorenson sponsored the transaction in which it, Yukon, and other institutional co-investors facilitated the recapitalization of Axiom. NXT Capital provided the senior credit facility and mezzanine capital was provided by Yukon. Schiff Hardin LLP served as legal counsel to Yukon.

“We are delighted to partner with Sorenson Capital and Yukon Partners to co-author the next major chapter in the Axiom Materials story,” said Johnny Lincoln, founder and president of Axiom Materials. “With the combined capabilities of Axiom, Sorenson Capital and Yukon Partners, the company’s future has never been brighter. We are now aligned and capitalized to accelerate our long-term strategic goals and ultimately reach our highest potential. It is an exciting time to be part of the Axiom team.”

“We are tremendous believers in Axiom Materials and its future,” said LeGrand Lewis, managing director of Sorenson Capital. “Johnny and his team have built an exceptional company that has been able to attract and develop some of the best talent in the industry, and to establish world-class technology, technical and manufacturing excellence, in addition to a culture of high integrity. We are excited to see what this phenomenal company will accomplish with this infusion of capital and an expanded network of professional relationships.”

William Dietz, managing partner of Yukon, added, “Yukon is excited to partner with Axiom and Sorenson to support the next phase of the Company’s growth. Axiom’s reputation as an innovative and leading manufacturer of advanced composite materials positions it well for continued, profitable growth in the evolutionary composites space.”